- published: 07 Jun 2016
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An economy consists of the economic systems of a country or other area; the labor, capital and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area.
A given economy is the result of a process that involves its technological evolution, history and social organization, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.
A market based economy may be described as a spatially limited social network where goods and services are freely produced and exchanged according to demand and supply between participants (economic agents) by barter or a medium of exchange with a credit or debit value accepted within the network. Capital and labor can move freely across places, industries and firms in search of higher profits, dividens, interests, and compensations and benefits. Rent on land allocates this generally fixed resource among competing users.
Newton Leroy "Newt" Gingrich ( /ˈnjuːt ˈɡɪŋɡrɪtʃ/; born Newton Leroy McPherson; June 17, 1943) is an American politician, author, and political consultant. He represented Georgia's 6th congressional district as a Republican from 1979 until his resignation in 1999, and served as the 58th Speaker of the U.S. House of Representatives from 1995 to 1999. Gingrich was a candidate for the 2012 Republican Party presidential nomination.
In the 1970s, Gingrich taught history and geography at the University of West Georgia. During this period he ran twice (1974 and 1976) for the United States House of Representatives before winning in November 1978. He served as House Minority Whip from 1989 to 1995.
A co-author and architect of the "Contract with America", Gingrich was a major leader in the Republican victory in the 1994 congressional election. In 1995, Time named him "Man of the Year" for "his role in ending the four-decades-long Democratic majority in the House". While he was House speaker, the House enacted welfare reform, passed a capital gains tax cut in 1997, and in 1998 passed the first balanced budget since 1969. The poor showing by Republicans in the 1998 Congressional election and pressure from Republican colleagues caused Gingrich's resignation from the speakership on November 5, 1998, and then the House on January 3, 1999.
Raise your voice
Chase away the ghosts
The pain that haunts a heart
The things we fear the most
The entropy of life
The slow decay of time
that wars against our bones
All these sinking ships
Are ruled against the wave
The raging of the tide
The tyranny of days
And sleep would chase us down
Sleep would have its way
And night would fall upon us all
But I believe you can overcome my economy
You can dig me out of the grave
I believe you can overcome my economy
You can dig me out of the grave
The weight of love
It rests upon us all
The people we’ve become
The people that we’ve known
Longing for a day
Arrested by a hope
That death could not foreclose upon
I believe you can overcome my economy
You can dig me out of the grave
And I believe you can overcome my economy
You can dig me out of the grave
I believe you can over come my hearts economy
Yeah you can dig me out of the grave
And I believe you can over come my economy